In this issue

In this edition we continue our series on ‘Blind Freddy’ common errors, i.e. errors that are so obvious that even ‘Blind Freddy’ would spot them. Our third article in the 2016 series focuses on common errors in accounting for impairment, specifically Blind Freddy errors when determining the recoverable amount using value in use.

We also look at the changes you should expect in your 30 June 2016 annual or half-year financial statements.